Transfer of Service Agreement - Intelsat USA Sales Corp., Spice Hot Entertainment Inc. and Andrita Studios Inc.
TRANSFER OF SERVICE AGREEMENT
Spice Hot Entertainment, Inc., ("Former Customer"), having its principal place
of business at 2706 Media Center Drive, Los Angeles, CA 90065, requests that
Intelsat USA Sales Corp., as successor in right and interest to Loral SpaceCom
Corporation, doing business as Loral Skynet(R) ("SKYNET"), transfer and assign
the following service to Andrita Studios, Inc. ("New Customer"), having its
principal place of business at 3030 Andrita St., Los Angeles, CA 90065.
Service to be transferred and assigned: Transponder Service, as described in
Agreement T79903021 between SKYNET and Cattle Entertainment Group, Inc. dated
effective February 8, 1999 and later transferred to Former Customer by a
Transfer of Service Agreement dated effective as of July 6, 2001 (the
"Agreement"). The Agreement was then modified by a letter agreement between
Former Customer and SKYNET dated February 28, 2002, which letter agreement
stated the Service had been moved from the satellite then known as Telstar 5
(now IA5) to Telstar 7 (now IA7), and that the end of life for IA7 replaced the
end of life date for IA5 in the Agreement. Service under this Agreement consists
of one 36MHz 20W C-band Fully Protected transponder (the "Service") on
transponder C-5 of the IA-7 satellite, which Service shall continue through the
end or life of IA7, which is currently estimated to be on or about October 31,
2014.
The transfer and assignment will be effective as of October 1, 2004. This
Transfer of Service Agreement acknowledges that New Customer agrees to assume
all obligations of Former Customer at the time of transfer and that New
Customer, through its parent, Playboy Entertainment Group, Inc. will make all
payments pursuant to the Agreement. These obligations may include and era not
limited to: (1) all outstanding indebtedness for the Service, (2) the unexpired
portion of the original term of Service and revenue commitment(s), and (3) any
unexpired termination liability(ies). Notwithstanding the foregoing, Former
Customer agrees to remain jointly and severally liable with New Customer for any
and all payment obligations assumed by New Customer hereunder.
FORMER CUSTOMER NEW CUSTOMER
By: /s/ Alexandra Shepard By: /s/ Alexandra Shepard
(Signature of Authorized Representative) (Signature of Authorized Representative)
Print: Alexandra Shepard Print: Alexandra Shepard
Title: SVP Title: VP
Date: 10-26-04 Date: 10-26-04
Agreed to by Intelsat USA Sales Corp.:
By: /s/ Stephen R. Spengler
(Signature of Authorized Representative)
Print: Stephen R. Spengler
Title: President, Intelsat USA Sales Corp.
Date: 10-28-04